GOLD SHORT
Watching Gold closely this week waiting for bearish price action off the downtrend or a close below 1280 with bearish price action.
If Price fails to come back up and re test the previous downtrend wait for a close below 1280 before entering short.
If Price comes backs up wait for bearish price action to send us short preferably a bearish engulfing candle close on the 4hr chart off the downtrend.
If price breaks above the downtrend this trade is INVALID
Risk Management Is Everything No More Than 2% Per Trade
Watching Gold closely this week waiting for bearish price action off the downtrend or a close below 1280 with bearish price action.
If Price fails to come back up and re test the previous downtrend wait for a close below 1280 before entering short.
If Price comes backs up wait for bearish price action to send us short preferably a bearish engulfing candle close on the 4hr chart off the downtrend.
If price breaks above the downtrend this trade is INVALID
Risk Management Is Everything No More Than 2% Per Trade